SOUTHEASTERN OHIO REGIONAL MEDICAL… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Phone

6145444350

Tax Period

2023-01-01 to 2023-06-30

SOUTHEASTERN OHIO REGIONAL MEDICAL CENTER INC, founded in 1946, is a mid-sized nonprofit in the Health Care sector that reported $48.0M in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

TO IMPROVE THE HEALTH OF THOSE WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $30,074,760 Revenue: $37,327,826

HOSPITAL: OhioHealth Southeastern Medical Center, is a 98-bed hospital facility that offers adult medical and surgical care, an adult intensive care unit and labor and delivery services. Southeastern Ohio Regional Medical Center offers various surgical procedures, treatment options, therapies and primary care services. Outpatient services include laboratory services, computed tomography (CT) scanning, mammography, magnetic resonance imaging (MRI), x-ray, oncology and infusion services, and a cardiac and pulmonary rehabilitation program.

Program 2

Expenses: $9,319,888 Revenue: $11,567,545

PHYSICIAN PRACTICES: THE ACTIVE PROVIDERS ON THE SOUTHEASTERN MED MEDICAL STAFF BRING VAST EXPERIENCE, KNOWLEDGE, AND COMPASSION TO PATIENTS THROUGHOUT GUERNSEY AND NOBLE COUNTIES. WITH MORE THAN 33 MEDICAL SPECIALTIES, SOUTHEASTERN MED PHYSICIANS OFFER QUALITY CARE WITH CLOSE-TO-HOME COMFORT. NINETY-SIX PERCENT OF SOUTHEASTERN MED PHYSICIANS HAVE EARNED BOARD CERTIFICATION, WHICH INVOLVES UNDERGOING RIGOROUS TRAINING, PASSING A NATIONAL EXAM, AND TAKING STEPS TO MAINTAIN BOARD-CERTIFIED STATUS. BOARD CERTIFICATION DEMONSTRATES SOUTHEASTERN MED'S MEDICAL PROFESSIONALS' EXCEPTIONAL EXPERTISE IN THEIR PARTICULAR SPECIALTY OF MEDICAL PRACTICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $48,671,490

Investment Income $-853,529

Other Revenue $179,677

TOTAL REVENUE $47,997,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,746,289

Fundraising Expenses $0

Program Expenses $39,394,648

Other Expenses $24,226,646

TOTAL EXPENSES $47,972,935

Year-over-Year Comparison

	2022	2021	Change
Revenue	$47,997,638	$107,096,811	-0.6%
Expenses	$47,972,935	$109,328,989	-0.6%
Net Income	$24,703	$-2,232,178	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CEO/President/Board (Start 1/1/2023)	1.0	Officer Director	$0	$0	$0
N/A	Chair Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023) (End 6/30/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Treasurer (End 1/31/2023)-Board (Start 1/1/2023) (End 6/30/23)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Secretary - Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023) (End 6/30/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Treasurer (Start 2/1/2023) - Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Board (Start 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Vice Chair - Board (Start 1/1/2023) (End 6/30/2023)	1.0	Director	$0	$0	$0
N/A	Sr. VP and CFO (Start 1/1/2023)	1.0	Officer	$0	$0	$0
N/A	Sr. VP and COO (Start 1/1/2023)	1.0	Officer	$0	$0	$0
N/A	Sr. VP General Counsel & Secretary (Start 1/1/2023)	1.0	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$47,997,638	$47,972,935	$119,936,548	$24,703
2022	$107,096,811	$109,328,989	$84,018,192	$-2,232,178
2021	$115,994,733	$107,671,286	$103,375,834	$8,323,447
2020	$109,390,541	$95,559,089	$95,546,765	$13,831,452
2019	$105,551,805	$99,206,583	$70,331,693	$6,345,222
2018	$100,185,551	$102,825,730	$57,217,436	$-2,640,179

SOUTHEASTERN OHIO REGIONAL MEDICAL CENTER INC